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1441 W 103rd Street, Chicago, IL 60643
$1,499,000
1441 W 103rd Street, Chicago, IL 60643View this property at 1441 W 103rd Street, Chicago, IL 60643
1441 W 103rd StreetChicagoIL60643
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Property Description
NEW PRICE! Come check out this ICONIC mixed-use, value-add 12 unit building in Chicago's incredible East Beverly neighborhood! This all-brick, beautiful building was built in 1904 and contains 6 retail storefronts on the main floor and 6 residential apartments on the 2nd floor. Sitting on busy 103rd street, this property provides retail owners a ton of vehicle and foot traffic to bring in business. Both the apartments and storefronts have been easy to rent quickly with little to no marketing effort. The property sits on a giant lot with a massive garage to the South of the main building. This area provides a ton of opportunity to the new buyer potentially for the addition of more units, storage or covered / enclosed garage space to generate additional revenue. Rents are currently under market with plenty of room for increases with efficient management. The back of the building is also currently used as a small gathering spot for the tenants to relax, play and / or bbq. All tenants have central HVAC for heating and cooling which was upgraded in the early 2000s. Roofs have been resealed in the past 5 years. Over a dozen parking spots in the rear of the building as well. Currently priced at a 7.75 CAP but with better management and getting rents to market this could easily be a 9+ CAP building. This property has unlimited potential and upside with the right plan. Schedule a showing today!
Full Property Details
Full Property Details for 1441 W 103rd St
General
- Price: $1,499,000
- Taxes: $20,810 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11775757
- Updated: 3/28/2024
- Added to Site: 358 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Carbon Monoxide Detector(s)
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: CHI - Beverly
- County: Cook
- Township: Lake
- Driving Directions: From Vincennes, head west on 103rd Street, property will be on the left just past Charles St. From Western, head east on 103RD St property will be on the right just before Charles St.
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Trash: 2375
Structural Information
- Construction: Brick
- Stories/Levels: 2
- # of Stores: 6
- Year Built: 1904
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 29,246
- Lot Dimensions: 29246
Financial Considerations
- Lease Price: $1
- Insurance Fee: $4,500
- Operating Expenses: $45,653
- Other Fee: $3,600
- Security Deposit: Fire Extinguisher/s, Carbon Monoxide Detector(s)
- Assessment Year: 1904
- Tax Amount: $20,810.8
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 1300
- Pays Trash: 2375
Disclosures and Reports
- Property ID: 25171010070000
Listed by Fitzgerald Real Estate Inc.
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Schools
Schools serving 1441 W 103rd St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
10354 S Charles St, Chicago, IL 60643 | PK-8 | 0.1 mi | |
1744 W Pryor Ave, Chicago, IL 60643 | 7-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1441 W 103rd St
Date
Details
Price
Change
Source
3/22/2024
Price Reduced
$1,499,000
-0.07%
MLS
1/04/2024
Price Reduced
$1,500,000
-4.76%
MLS
7/19/2023
Price Reduced
$1,575,000
-1.56%
MLS
5/05/2023
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1441 W 103rd St
1441 W 103rd Street, Chicago, IL 60643 (MLS# 11775757) is a Commercial property. 1441 W 103rd Street is currently listed for $1,499,000 and was received on May 05, 2023. Want to learn more about 1441 W 103rd Street? Do you have questions about finding other Commercial real estate for sale in Beverly? You can browse all Beverly real estate or contact a Coldwell Banker agent to request more information.